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Base question 26 on the following information: 2018 2019 2020 Revenue 800 856 899 COGS 500 Gross Profit 300 **Assume that 2018, $300 of COGS

Base question 26 on the following information:

2018 2019 2020

Revenue 800 856 899

COGS 500

Gross Profit 300

**Assume that 2018, $300 of COGS was variable and $200 was fixed**

26.) Assuming revenue growth in 2020 was driven by 4% volume growth and 1% price increase, what would be gross profit in 2020? Show your work

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